Principal Financial Group

  www.principal.com
  www.principal.com
There are newer employer reviews for Principal Financial Group

 

Good place to work if you don't mind no recognition for the work you do.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - QA Analyst III in Des Moines, IA
Current Employee - QA Analyst III in Des Moines, IA

I have been working at Principal Financial Group

Pros

Work/life balance is great
Flexible work weeks
Telecommuniting
Benefits are good

Cons

Low pay for level of work expected
Little to no recognition for above average work
Promotions not a all based on job requirements, but on time in company, not time in the discipline.
IT department is very unorganized and does not follow procedures.
Organizational structure is constantaly changing.

Advice to ManagementAdvice

Start looking at your job requiremets and look at the peoples experience and then consider promotions.

Recommends
Approves of CEO

207 Other Employee Reviews for Principal Financial Group (View Most Recent)

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  1. 2 people found this helpful  

    Good place to start a career but advancement opportunities end quickly.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - IT Analyst Senior in Des Moines, IA
    Current Employee - IT Analyst Senior in Des Moines, IA

    I have been working at Principal Financial Group

    Pros

    Flexible work schedules for non call center employees.

    Flat organizational structure in IT gives everyone a voice.

    Benefits have been recently cut but would still rate them as slightly above average.

    The people you work with are generally smart, nice, and fun to work with.

    On site fitness centers.

    Cons

    Flat organizational structure in IT limits advancement opportunities at a point just below management level. At that point, your career becomes a job.

    Heavy process in some IT units limits productivity. In some areas a lot of red tape needs to be cut to get things done. There are priority committees for the priority committees that then need to talk to priority committees at the organization level.

    Salary is below average in the Des Moines market. Company tries to make up for it wih flexible schedules and offerring a good work/life balance . However, if you spend your time working on dashboard projects you may find it hard to maintain a work/life blance.

    Advice to ManagementAdvice

    People who make extraordinary efforts to implement projects on dates arbitrarily set by management need to be rewarded beyond their base compensation. When people are working 60, 70, 80, and even 90 hours works weeks for 6 weeks to implement urgently needed solutions, the reward needs to be more than a pat on the back.

    No opinion of CEO
  2. 3 people found this helpful  

    Depends on what area of the company you are in - there are good ones.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - IT Area in Des Moines, IA
    Current Employee - IT Area in Des Moines, IA

    I have been working at Principal Financial Group

    Pros

    If you get in the right area of the company, there are wonderful leaders and senior management that truly care and reward you for what you give. Not the IT area IMO. Very difficult to get anything accomplished or done, lack of organization, no follow through.

    Cons

    They used to hold my respect. They don't any more. When they switched from a Mutal Company to a Stock Company they stopped caring about employee and only care about their stock price.

    Advice to ManagementAdvice

    Care about your employees again. A lot of good employees are going to be lost as other companies WILL take them, pay them, and reward them. Hopefully you see this and correct it before it impacts the service to our customers!

    Approves of CEO
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